Seacrest Markets has announced it will close its proprietary trading operations and focus entirely on its contract-for-difference brokerage business. Closing its proprietary trading arm is not something that has been seen before among brokers in the market.

Last year, MyFundedFX rebranded as SeacrestFunded to align with Seacrest Markets. The rebranding marked a move toward a broker-backed model. The firm continues to offer prop trading with futures instruments through MyFunded Futures for now.

Final Payouts Processed Within Thirty Days

The company said all prop trading accounts and open positions will be closed on February 6, 2026. Affected traders have begun receiving instructions on refunds and final payouts.

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Traders with active, unbreached challenge accounts can request a full refund of their challenge fee through the official Refund Form by February 28, 2026. Funded account holders can request their final payout balance via the Seacrest Dashboard by the same deadline.

Accounts not eligible for refunds include giveaway accounts and breached or inactive accounts. Refunds will be processed within 30 days on a first-come, first-served basis. Some payments may be made via cryptocurrency or bank wire if the original method is no longer supported.

Broker-Backed Prop Platforms Gain Market Traction

The closure ends all prop trading activity at Seacrest Markets. Accounts and access will be terminated after February 6, 2026.

Broker-backed prop platforms have become more common over the past year. Established brokers entering this space include OANDA, Axi, Hantec Markets, IC Markets, and ThinkMarkets.

Several Prop Firms Exit Market

Finance Magnates reported earlier that between 80 and 100 proprietary trading firms closed in 2024, challenge pass rates fell, and the average trader’s investment dropped by 50%.

The exits were accelerated by MetaQuotes’ decision to reduce support for prop firms, forcing consolidation and platform diversification. Amid the closures, a few dominant players have emerged, while firms acquiring brokers, like Seacrest Markets, are shifting focus toward CFD brokerage operations.